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13d Filings

13D Filings

Aug. 10, 1998 12:01 a.m. ET

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13Ds are filed with the Securities and Exchange Commission within 10 days of an entity's attaining a 5% or more position in any class of a company's securities. Any subsequent change in holdings or intentions must be reported on an amended filing. This material has been extracted from filings released by the SEC from July 30 to August 5. Source: Federal Filings Business News, Washington

ACTIVISTS

Storage Realty Trust Public Storage proposed acquiring the company for $25 per share, payable in cash or stock. Public Storage owns 964,000 shares (6% of the total outstanding), including 312,000 shares purchased from June 1 to August 3 at $22.13-$24.25 each.

Nanophase Technologies Harris & Harris Group said it has become increasingly concerned with the declining financial performance and share price of the company, and believes it should seek a new CEO. Harris & Harris owns 730,916 shares (5.9%).

Coastcast Dissident shareholder Jonathan Vannini called for a special meeting of shareholders September 22 to elect new directors and address aspects of the firm's stock option plan. Vannini owns 911,000 shares (10.1%).

Bank Plus LaSalle Financial Partners et al. urged officials to seek a merger of the firm with a larger and more profitable financial institution, adding that they may hold talks with potential acquirers. LaSalle holds 1,414,100 shares (7.3%), having purchased the entire position from June 10 to July 30 at $9.38-$12.63 per share.

Material Sciences Sequa, which disclosed in May that it had bought an 8.7% stake to facilitate a possible acquisition of Material Sciences, has determined that it may sell the stock in light of recent poor financial performance. However, Sequa said it hasn't yet ruled out an acquisition.

XCL Mitch Leigh holds 2,215,750 shares (9.5%), including 183,000 shares acquired from May 6 to July 31 at $3.44-$4.06 per share.

Imaging Technologies American Industries holds 635,000 shares (5.3%), having purchased its entire position from June 25 to July 28 at $2.41-$7.40 per share. American Industries also said it is holding talks with other investors regarding issuance of loans to the company.

Spacelabs Medical Tweedy Browne et al. own 488,000 shares (5.1%), following the purchase of 483,800 shares from June 18 to July 23 at $15-$16 each.

Increases in Holdings

Homestake Mining German investor August von Finck purchased 3,865,100 shares from July 16 to 31 at $10.32-$11.21 each, increasing his holdings to 26,889,400 shares (12.7%).

Gaylord Entertainment Gabelli Funds et al. increased their exposure to 3,532,694 shares (10.7%), as a result of net purchases totaling 479,068 shares from July 15 to 30 at $29.05-$33.48 each.

Seacor Smit Alpine Capital, affiliated with the Texas-based Bass family, bought an additional 267,900 shares from July 7 to 30 at $50.88-$58.89 each, increasing its holdings to 1,498,500 shares (11.3%).

Cellular Communications International Fidelity International increased its position to 1,514,049 shares (9.1%), after completing purchases of 658,100 shares from June 12 to July 24 at $49.97-$62.38 per share.

Decreases in Holdings

IRSA Inversiones A group led by hedge-fund manager George Soros made net sales of 1,983,454 shares from July 15 to 28 at $3.42-$3.85 per share, reducing its position to 32,427,475 shares (16.9%).

Chrysler Kirk Kerkorian sold 1.7 million shares from July 15 to 30 at $56.50-$59 each, cutting his position to 71,753,992 shares (11.1%). Kerkorian said the sales were made to avoid adverse tax consequences in connection with Chrysler's pending merger with Daimler-Benz.

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